Seongbuk-gu Provides Public Rental Housing Below Market Price for Young Entrepreneurs

Selected for the Ministry of Land, Infrastructure and Transport's
'Job-Linked Support Housing Contest'
Seongbuk-gu to Provide Affordable Rental Housing
for Young Entrepreneurs and Workers

Seongbuk-gu, Seoul (District Mayor Lee Seung-ro) announced on the 21st that it has been finally selected for the 'Job-Linked Support Housing Contest' hosted by the Ministry of Land, Infrastructure and Transport.

Public Sale Job-Linked Support Housing in Anam-dong, Seongbuk-gu. Provided by Seongbuk-gu.

The job-linked support housing project is a program aimed at reducing housing cost burdens by providing affordable public rental housing to young entrepreneurs and workers in strategic industries, while promoting job creation and revitalizing the local economy.

To promote the project, the district signed a business agreement with the project implementer, Seoul Housing and Communities Corporation, and plans to supply public housing by next year after going through procedures such as approval of the housing construction business plan.

Seoul Housing and Communities Corporation will construct 12 units of the housing at 160-8 Anam-dong 5-ga, with move-in starting next year. Rent will be set lower than nearby market prices according to the income level of the tenants. This project is part of the 'Anam-dong Urban Regeneration New Deal Project' initiated in September 2020.

Lee Seung-ro, Mayor of Seongbuk-gu, said, “The construction of job-linked support housing will provide a comfortable and stable living environment for young entrepreneurs and workers,” adding, “We will do our best to reduce the housing cost burden for young workers, revitalize the Seongbuk-gu economy, and attract young population.”

This content was produced with the assistance of AI translation services.